Calgary & Alberta Economy

[Surrealplaces]

The new CGC plant SE of Calgary that was announced a couple of years back, looks to be starting construction. This article is from February, but I've heard it's breaking ground.

Parker: CGC marks milestones in construction of $210M eco-friendly plant in southern Alberta

Columnist David Parker writes as CGC readies for the construction of a new eco-friendly plant near Carseland.

calgaryherald.com

 

[Chowda7]

David Parker Around Town: Green Impact Partners plans huge carbon-negative project

Parker: The 52 acres of bare land Green Impact Partners plans to purchase from the city will be transformed into its Future Energy Park.

calgaryherald.com

 

[JTron]

Amazon opens robotics warehouse in Calgary that comes with 1,500 jobs | Globalnews.ca

Amazon Friday opened it's YYC4 Fulfillment Centre with a ribbon cutting ceremony. The state-of-the-art warehouse features AI technology, robotics and 1500 new jobs.

globalnews.ca

 

[Surrealplaces]

Some graphics showing VC funding for Calgary. I can't access 2022 numbers, but 2023, was a good year (at least relative to other Canadian metros) and Q1 of 2024 looks good so far.

Q1 2024 Source https://reports.cvca.ca/books/usuc/#p=18

2023 Source https://reports.cvca.ca/books/ugbs/#p=36

 

[Chowda7]

Some graphics showing VC funding for Calgary. I can't access 2022 numbers, but 2023, was a good year (at least relative to other Canadian metros) and Q1 of 2024 looks good so far.

Q1 2024 Source https://reports.cvca.ca/books/usuc/#p=18
View attachment 569052

2023 Source https://reports.cvca.ca/books/ugbs/#p=36
View attachment 569053

We've come a long way

 

[Beltline_B]

The ratios are similar to 2020/2021 as well where Calgary was a solid 4th. The big three have gotten the most, but in per capita terms, Calgary has done better. On a per capita basis only Kitchener/Waterloo has done better, which isn't surprising.

 

[jianxia15]

Varcoe: Alberta gets credit rating upgrade amid sunnier economic outlook

Varcoe: As oil prices bounce back and the economy chugs ahead despite ongoing turbulence, Alberta has received another credit rating upgrade

calgaryherald.com

 

[Chowda7]

Toronto, Vancouver slip in Startup Genome’s 2024 rankings as Montréal, Calgary, Ottawa rise

Canada’s two largest tech ecosystems saw their rankings inch down in Startup Genome’s 2024 latest global startup ecosystem report.

betakit.com

 

[Albertasaurus]

Toronto, Vancouver slip in Startup Genome’s 2024 rankings as Montréal, Calgary, Ottawa rise

Canada’s two largest tech ecosystems saw their rankings inch down in Startup Genome’s 2024 latest global startup ecosystem report.

betakit.com

That's impressive that Calgary is considered to be ahead of Ottawa in the rankings. For as long as I can remember Ottawa has been considered a major tech hub.

They are lumping in Waterloo as part of Toronto's ecosystem which I consider to be a bit of a stretch.

 

[Mountain Man]

Kickin ass and takin names...

 

[DougB]

That's impressive that Calgary is considered to be ahead of Ottawa in the rankings. For as long as I can remember Ottawa has been considered a major tech hub.

They are lumping in Waterloo as part of Toronto's ecosystem which I consider to be a bit of a stretch.

Ottawa never fully recovered from the Dot Com Crash as its tech industry was highly leveraged towards telecom hardware (ex. Nortel, JDS, Newbridge). It also suffered the same challenges as Calgary did during the oil boom....Why work for a tech startup when you can do desktop support for the Federal Government and make more money with 6 weeks paid vacation and a pension?

 

[Chowda7]

Milk concentration plant to open in Alberta in 2025

Alberta will be home to the country's first-ever milk concentration plant next year. The facility in Blackfalds will open in 2025.

calgary.citynews.ca

 

[Mountain Man]

I think of Ottawa tech and I think of Corel.

 

[darwink]

Ottawa never fully recovered from the Dot Com Crash as its tech industry was highly leveraged towards telecom hardware (ex. Nortel, JDS, Newbridge). It also suffered the same challenges as Calgary did during the oil boom....Why work for a tech startup when you can do desktop support for the Federal Government and make more money with 6 weeks paid vacation and a pension?

Unfortunately the NAICS codes for CMA employment aren't in enough detail to tease Waterloo vs Ottawa vs Calgary out. the province wide stats are only easily accessible to 2001, cities at less detail to 2006.

Milk concentration plant to open in Alberta in 2025

Alberta will be home to the country's first-ever milk concentration plant next year. The facility in Blackfalds will open in 2025.

calgary.citynews.ca

This is an attempt to get the product they’ll make inside of the tariff wall which protects most dairy products. It is good it is in Alberta if it is going to exist. It is bad that it will exist at all.

 

[Surrealplaces]

I think of Ottawa tech and I think of Corel.

Corel was one of the "Big 4" back in the day. Nortel, Newbridge, Mitel and Corel.